Tuesday, March 03, 2015

Why Do Banks Fear Bitcoin?

I love this funny but spot on answer.

The above link appears to be down. It was a link to a page with a four panel cartoon. In the cartoon a young man was sitting across the table from another man in a suit. The young man was telling the other man that he was considering investing in bitcoin. The man in the suit began to give him the many reasons that investing in bitcoin would be unwise. It is controlled by shady characters, there is no guarantee that it will not decline in value, crooks can steal your funds. To that the young man replies, how is that different from the stock market or banks. The man in the suit replies, when you invest in bitcoin I can't charge you fees.

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